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GGT

Gabelli Multimedia Trust
GGT

41 hedge funds and large institutions have $20.4M invested in Gabelli Multimedia Trust in 2016 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 11 increasing their positions, 13 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 3

14% more funds holding

Funds holding: 36 → 41 (+5)

1.41% less ownership

Funds ownership: 13.47% → 12.07% (-1.4%)

14% less capital invested

Capital invested by funds: $23.8M → $20.4M (-$3.43M)

15% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 13

Holders
41
Holders Change
+5
Holders Change %
+13.89%
% of All Funds
1.09%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
11
Reduced
13
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
KFA
Kelleher Financial Advisors
New York
+$940K
2
Citigroup
Citigroup
New York
+$716K
3
RJA
Raymond James & Associates
Florida
+$544K
4
DA
Doliver Advisors
Texas
+$201K
5
MC
Matisse Capital
Oregon
+$104K

Top Sellers

1
SFS
Shaker Financial Services
Virginia
-$1.39M
2
GI
GAMCO Investors
Connecticut
-$905K
3
COLIM
City of London Investment Management
United Kingdom
-$877K
4
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
-$875K
5
LPL Financial
LPL Financial
California
-$656K
Name Holding Trade Value Shares
Change 		Change in
Stake
GI
1
GAMCO Investors
Connecticut
$4.38M -$905K -127,633 -17%
KFA
2
Kelleher Financial Advisors
New York
$2.61M +$940K +132,670 +55%
SFS
3
Shaker Financial Services
Virginia
$2.34M -$1.39M -195,585 -37%
Citigroup
4
Citigroup
New York
$1.8M +$716K +100,964 +64%
Morgan Stanley
5
Morgan Stanley
New York
$1.25M -$48.3K -6,817 -4%
CA
6
Cornerstone Advisors
North Carolina
$1.1M -$41.6K -5,871 -4%
TJHA
7
Thomas J. Herzfeld Advisors
Florida
$697K – – –
PVWM
8
Point View Wealth Management
New Jersey
$696K -$6.41K -905 -0.9%
LPL Financial
9
LPL Financial
California
$643K -$656K -92,509 -50%
DA
10
Doliver Advisors
Texas
$632K +$201K +28,318 +46%
GCIA
11
Gabelli & Co Investment Advisers
New York
$611K +$35.1K +4,958 +6%
RJA
12
Raymond James & Associates
Florida
$533K +$544K +76,736 New
LCM
13
Landscape Capital Management
New Jersey
$444K -$201K -28,388 -31%
Wells Fargo
14
Wells Fargo
California
$397K +$34K +4,792 +9%
CRC
15
Curi RMB Capital
Illinois
$381K -$138K -19,443 -26%
WS
16
Wedbush Securities
California
$329K +$74.9K +10,570 +29%
CWM
17
Concert Wealth Management
California
$203K -$964 -136 -0.5%
UBS Group
18
UBS Group
Switzerland
$162K -$30.1K -4,241 -15%
Invesco
19
Invesco
Georgia
$162K +$921 +130 +0.6%
KIM
20
Karpus Investment Management
New York
$128K – – –
Creative Planning
21
Creative Planning
Kansas
$115K +$610 +86 +0.5%
MC
22
Matisse Capital
Oregon
$101K +$104K +14,613 New
Bank of America
23
Bank of America
North Carolina
$85K +$475 +67 +0.6%
TC
24
TFS Capital
Pennsylvania
$82K +$83.4K +11,762 New
Commonwealth Equity Services
25
Commonwealth Equity Services
Massachusetts
$81K +$82.9K +11,694 New
1
2

GGT Hedge Fund Activity: Q2 2016 in Review

41 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Gabelli Multimedia Trust (GGT) for Q2 2016, worth a combined $20.4M — down 14% from $23.8M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new GGT positions and 3 closed out — a net gain of 6 holders — while 11 added to existing stakes and 13 trimmed.

The largest buyer was Kelleher Financial Advisors, adding an estimated $940K. The largest seller was Shaker Financial Services, cutting an estimated $1.39M.

  • 41 institutional investors held Gabelli Multimedia Trust (GGT) as of Q2 2016, up from 36 in Q1 2016.
  • Funds reported $20.4M of Gabelli Multimedia Trust stock for Q2 2016, down 14% quarter-over-quarter.
  • 9 funds opened new Gabelli Multimedia Trust positions in Q2 2016 and 3 closed out, a net change of +6 holders.
  • The largest Gabelli Multimedia Trust buyer in Q2 2016 was Kelleher Financial Advisors, an estimated $940K added.
  • The largest Gabelli Multimedia Trust seller in Q2 2016 was Shaker Financial Services, an estimated $1.39M sold.

Based on aggregated 13F filings for Q2 2016.